Wow!!!! this is the app I felt the iPhone had been missing. First off this app works on jailbroken phones at the moment. Qik has submitted their app to the Apple store and is awaiting approval, until then.... jailbroken iPhone is your only option to stream live video from your iPhone.
During the last two months I've shot 59 Qik's some of these have been test posts but one of my favorites was the space shuttle launch from 150 miles away. That'll give you an idea of a Qik at the most extreme of the iPhones technical capability, smaller fast moving object at night.
as for the technical aspects:
Qik captures video in resolutions of 320x240 or 176x144
You have the choice of geo-tagging your Qiks: precisely, street level, city level, or never
Lastly you can add a title, description, and tags before you shoot.
Chat is available during a live shoot, but it is a feature I've yet to explore.
Qik's can be marked public or private and access during a live shoot or arcived viewing is determined by your choices on the website. http://qik.com
Qik is also integrated into other photo services passing your Qik to your accounts on:
Youtube.com
12seconds.tv
mogulus.com
mobuzz.tv
seesmic.com
tumblr.com
Notifications are also sent to Twitter and your Blogger account.
So during ...